Bullish Stocks: ReneSola (NYSE:SOL), Youku Tudou Inc (ADR) (NYSE:YOKU), E Commerce China Dangdang (NYSE:DANG), Ariad Pharmaceuticals (NASDAQ:ARIA)

Posted by on Mar 19, 2014

A JV-PV module assembly plant called Vitec Global Solar, between ReneSola Ltd. (ADR) (NYSE:SOL) & Vitec, the  semiconductor & electrical products supplier, will now produce the  Virtus II modules at its plant located in Japan and will have an  annual name-plate capacity of 80 Megawatts. ReneSola Ltd. (ADR) (NYSE:SOL)’s Chief Executive officer, Xianshou Li said that this is a very important strategic-step for the company  as they continue to prioritize the company’s growth plan in Japan, which is one of the most important markets for the company. ReneSola Ltd. (ADR) (NYSE:SOL) shares after opening at $3.95 moved to $4.27 on last trade day and at the end of the day closed at $4.20. Company price to sales ratio in past twelve months was calculated as 0.27 and price to cash ratio as 3.96. ReneSola Ltd. (ADR) (NYSE:SOL) showed a positive weekly performance of 9.95%.

The Youku Tudou Inc (ADR) (NYSE:YOKU) On Feb. 27 announced its unaudited financial results for fourth quarter and fiscal year 2013. Net revenues were RMB901.3 million (US$148.9 million) in the fourth quarter of 2013, a 42% increase from the corresponding period in 2012 and exceeding the high end of the net revenues guidance previously announced by the Company. Net loss was RMB24.6 million (US$4.1 million)in the fourth quarter of 2013, a decrease of 78% compared to RMB113.6 million (US$18.8 million) for the corresponding period in 2012.Youku Tudou Inc (ADR) (NYSE:YOKU) shares advanced 5.13% in last trading session and ended the day on $30.74. YOKU return on equity ratio is recorded as -7.30% and its return on assets is -6.20%. Youku Tudou Inc (ADR) (NYSE:YOKU) yearly performance is 80.82%.

E Commerce China Dangdang Inc (NASDAQ:DANG) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Friday, AnalystRatings.NET reports.E Commerce China Dangdang Inc (ADR) (NYSE:DANG) shares moved up 6.54% in last trading session and was closed at $16.94, while trading in range of $15.80-$16.94. E Commerce China Dangdang Inc (ADR) (NYSE:DANG) year to date performance is 77.38%.

Even after a resurrected sales approval from the Federal Drug Administration Authority in the US Ariad Pharmaceuticals Inc (NASDAQ:ARIA)’s shares are still facing the brunt of the October recall of Iclugis. The BCR-ABL tri-kinase inhibitor for adult patients of chronic or acute myelocytic (or myeloid) leukaemia was re-approved for sale under renewed labeling that cautions of its cardiovascular impacts, so that oncologists refer to it only if need be in extreme cases. That shrunk the market potential and annihilated revenue projections for the coming years. Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) weekly performance is 8.58%. On last trading day company shares ended up $8.35. Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) distance from 50-day simple moving average is 7.42%. Analysts mean target price for the company is $8.56.

Leave a Reply

Your email address will not be published. Required fields are marked *